HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Rock Chromite - World Markets Outlook Superb!

Some interesting numbers from this post...great post for those wanting to increasing their knowledge of Chromite market.

Glorieux



Latest prices of South African

chromite ore (wet bulk, FOB north West

Province) are $240-260/tonne for foundry

grade (45% Cr2O3), and $255-275/tonne

for refractory grade (46% Cr2O3). This

compares to $185-210/tonne and $225-

245/tonne respectively at the start of the

year.

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